Loop Crypto, a stablecoin payments processor, has secured a strategic funding round co-led by VanEck and Fabric Ventures, bringing its total funding to $6 million. The firm's co-founders, Eleni Steinman and Shane van Coller, noted the unexpected rapid rise in stablecoin utilization, emphasizing its advantages in speed and cost. They explained how Loop facilitates subscription payments through an approval mechanism that allows funds to be drawn from users' wallets as needed, contrasting it with traditional payment solutions. The company has reported a 344% increase in paid transaction volume in Q2 compared to the previous year, reflecting strong interest from both crypto-native and non-crypto merchants. Looking forward, the team aims to expand their merchant base while focusing on high-quality partners. They identified the potential for stablecoins in the $190 trillion B2B payments market and advocated for a neutral role in offering diverse payment choices to merchants.

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